Australia’s voters go to the polls
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 2 May 2025
⏱️ 11 minutes
🧾️ Download transcript
Summary
Amazon warned of the impact of Donald Trump’s global trade war and issued weaker-than-expected guidance for the second quarter, and Australians head to the polls this weekend caught in the crossfire of the US-China trade war. Plus, European banks had a great first quarter thanks to global market volatility.
Mentioned in this podcast:
Amazon falls after profit forecast misses expectations
Australia: caught between a slowing China and a chaotic US
UBS, Barclays and SocGen reap trading windfall from market turmoil
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, Josh Gabert-Doyon, Persis Love Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | We're Equinor, an energy company searching for better. Currently, we supply 27% of the UK's gas, |
| 0:07.0 | 15% of its oil, and we're playing our part in the UK's energy transition. In 2023, we invested |
| 0:14.1 | 20% of our global gross spend in renewables and lower carbon solutions. Today, our wind farms power |
| 0:20.0 | 750,000 homes, |
| 0:22.0 | and we expect this to grow to over 7 million UK households. |
| 0:25.7 | We're an energy company searching for better. |
| 0:28.2 | Equinore.co.uk. |
| 0:34.5 | Good morning from the Financial Times. |
| 0:36.7 | Today is Friday, May 2nd. |
| 0:38.6 | This is your FT News briefing. |
| 0:40.9 | Amazon sees danger ahead, and market volatility is giving European banks a boost. |
| 0:47.4 | Plus, Australians have a big election coming up, and on the ballot is the cost of living and Donald Trump. |
| 0:53.8 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:10.0 | Amazon issued weaker than expected guidance for the second quarter. |
| 1:14.3 | The tech giant reported earnings yesterday, and it said it's going to get hit by U.S. President |
| 1:18.7 | Donald Trump's tariffs, too. |
| 1:20.8 | The group said it expected an operating income of between $13 and $17.5 billion in the quarter we're in right now, Wall Street was |
| 1:29.3 | betting on $17.7 billion. Amazon imports about a quarter of the items it sells from China, |
| 1:37.3 | which the U.S. is now taxing at least 145 percent. Amazon is trying to negotiate steep discounts |
| 1:44.1 | with its suppliers to try and dampen the |
| 1:46.2 | effects. The company's share price fell around 5% in after hours trading yesterday. |
| 1:59.1 | European banks got a major windfall last quarter. |
... |
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